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Wall Street ended higher on Wednesday, led by gains in technology stocks as Apple reached a fresh all-time closing high. Market participants continued to digest third-quarter earnings results and assess economic data. The Nasdaq Composite, the Dow and the S&P 500 ended in positive territory.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) rose 0.5%, or 254.60 points, to close at 52,486.49. Eighteen components of the 30-stock index ended in positive territory, while 12 ended in negative territory.
The tech-heavy Nasdaq Composite advanced 1.6% to close at 25,466.19.
The S&P 500 gained 1.3% to end at 7,619.38. Out of the 11 sectors of the broad-market index, 10 ended in positive territory while one ended in negative territory. The Information Technology Select Sector SPDR (XLK), the Energy Select Sector SPDR (XLE) and the Industrials Select Sector SPDR (XLI) rose 2.7%, 1.8%, and 1.3%, respectively. The Consumer Discretionary Select Sector SPDR (XLY) fell 0.4%.
The fear gauge, the CBOE Volatility Index (VIX), decreased 10.1% to 17.49. A total of 14.74 billion shares were traded on Wednesday, lower than the last 20-session average of 18.68 billion. The S&P 500 posted 17 new 52-week highs and no new lows, and the Nasdaq Composite recorded 77 new highs and 159 new lows.
Apple Hits Fresh Record High
Apple Inc. (AAPL - Free Report) shares climbed 2% on Wednesday to close at a record $355.63, extending the stock's recent rally. The shares touched an intraday high of $355.91, surpassing the previous peak of $355.38 recorded on Nov. 5. Trading volume reached approximately 34.28 million shares. The market capitalization is roughly $5.1 trillion. Apple currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Quarterly Earnings Results
ICL Group Ltd reported third-quarter 2026 adjusted earnings per share of 1 cent, missing the Zacks Consensus Estimate of 11 cents. Total revenues of $1.91 billion missed the consensus estimate by 10.31% compared with $1.85 billion in the year-ago quarter.
Sonos, Inc. reported fourth-quarter 2026 adjusted earnings of 4 cents per share, beating the Zacks Consensus Estimate of 3 cents. Total revenues of $344.44 million beat the consensus mark by 1.23% and increased from $287.9 million in the prior-year quarter.
Mercury Systems, Inc. reported first-quarter 2026 adjusted earnings of 52 cents per share, beating the Zacks Consensus Estimate of 28 cents. Total revenues of $253.15 million beat the consensus mark by 3.67% and increased from $225.21 million a year ago.
Consequently, the stock prices of ICL Group Ltd (ICL - Free Report) fell 2.1% while Sonos, Inc. (SONO - Free Report) and Mercury Systems, Inc. (MRCY - Free Report) rose 12.9%, 12.9%, respectively.
Economic Data
Per a government report, for the week ended Oct. 30, 2026, Commercial crude oil inventories (excluding the Strategic Petroleum Reserve) decreased 0.9 million bpd to 409.8 million bpd.
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Stock Market News for Nov 12, 2026
Wall Street ended higher on Wednesday, led by gains in technology stocks as Apple reached a fresh all-time closing high. Market participants continued to digest third-quarter earnings results and assess economic data. The Nasdaq Composite, the Dow and the S&P 500 ended in positive territory.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) rose 0.5%, or 254.60 points, to close at 52,486.49. Eighteen components of the 30-stock index ended in positive territory, while 12 ended in negative territory.
The tech-heavy Nasdaq Composite advanced 1.6% to close at 25,466.19.
The S&P 500 gained 1.3% to end at 7,619.38. Out of the 11 sectors of the broad-market index, 10 ended in positive territory while one ended in negative territory. The Information Technology Select Sector SPDR (XLK), the Energy Select Sector SPDR (XLE) and the Industrials Select Sector SPDR (XLI) rose 2.7%, 1.8%, and 1.3%, respectively. The Consumer Discretionary Select Sector SPDR (XLY) fell 0.4%.
The fear gauge, the CBOE Volatility Index (VIX), decreased 10.1% to 17.49. A total of 14.74 billion shares were traded on Wednesday, lower than the last 20-session average of 18.68 billion. The S&P 500 posted 17 new 52-week highs and no new lows, and the Nasdaq Composite recorded 77 new highs and 159 new lows.
Apple Hits Fresh Record High
Apple Inc. (AAPL - Free Report) shares climbed 2% on Wednesday to close at a record $355.63, extending the stock's recent rally. The shares touched an intraday high of $355.91, surpassing the previous peak of $355.38 recorded on Nov. 5. Trading volume reached approximately 34.28 million shares. The market capitalization is roughly $5.1 trillion. Apple currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Quarterly Earnings Results
ICL Group Ltd reported third-quarter 2026 adjusted earnings per share of 1 cent, missing the Zacks Consensus Estimate of 11 cents. Total revenues of $1.91 billion missed the consensus estimate by 10.31% compared with $1.85 billion in the year-ago quarter.
Sonos, Inc. reported fourth-quarter 2026 adjusted earnings of 4 cents per share, beating the Zacks Consensus Estimate of 3 cents. Total revenues of $344.44 million beat the consensus mark by 1.23% and increased from $287.9 million in the prior-year quarter.
Mercury Systems, Inc. reported first-quarter 2026 adjusted earnings of 52 cents per share, beating the Zacks Consensus Estimate of 28 cents. Total revenues of $253.15 million beat the consensus mark by 3.67% and increased from $225.21 million a year ago.
Consequently, the stock prices of ICL Group Ltd (ICL - Free Report) fell 2.1% while Sonos, Inc. (SONO - Free Report) and Mercury Systems, Inc. (MRCY - Free Report) rose 12.9%, 12.9%, respectively.
Economic Data
Per a government report, for the week ended Oct. 30, 2026, Commercial crude oil inventories (excluding the Strategic Petroleum Reserve) decreased 0.9 million bpd to 409.8 million bpd.